Analyst Remains 'Bullish As Ever' On SoFi Stock, Despite Bearish Signals From Price Chart
Portfolio Pulse from Surbhi Jain
SoFi Technologies Inc (NASDAQ:SOFI) has experienced significant stock price volatility, with a 53.04% increase over the past year but a -26.63% decline year-to-date. Despite mixed technical indicators, Mizuho Securities analyst Dan Dolev remains highly bullish on SoFi, citing strong internal indicators and prudent personal loan growth strategies. Analysts have set a price target of $8.76, with some suggesting a potential 70% upside.
May 15, 2024 | 7:16 pm
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SoFi Technologies has shown significant stock price volatility, with a 53.04% increase over the past year but a -26.63% decline year-to-date. Despite mixed technical indicators, Mizuho Securities analyst Dan Dolev remains highly bullish on SoFi, citing strong internal indicators and prudent personal loan growth strategies. Analysts have set a price target of $8.76, with some suggesting a potential 70% upside.
The article highlights mixed technical indicators for SoFi stock but emphasizes strong bullish sentiment from analysts, particularly from Mizuho Securities. The positive analyst ratings and high price targets suggest a likely short-term upward movement in the stock price.
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